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General Insurance Corporation of India IPO (General Insurance Corporation IPO) Detail

Oct 11, 2017 - Oct 13, 2017

Incorporated in 1972, General Insurance Corporation of India is the largest reinsurance company in India in terms of gross premiums. They provides various general insurance products like property, energy, marine, engineering, miscellaneous, aviation-hull/spares-rotor wing, aviation-hull/spares-fixed wing, liability, aviation treaty–hull, spares and liability insurance products. They also offers cargo and offshore energy, motor, life, agriculture, space, health, credit and financial insurance.

They offers reinsurance solutions for the Afro-Asian region and reinsurance programs in South East Asia, the Middle East and Africa. They develop their overseas business through their home office in Mumbai, branch offices in London, Dubai and Kuala Lumpur, a representative office in Moscow, a subsidiary in the United Kingdom that is a member of Lloyd’s of London and a
subsidiary in South Africa.

Competitive Strengths

1. Leader in Indian reinsurance industry with 44 years of experience
2. International presence
3. Diversified product portfolio and revenue streams
4. Strong financial track record and a strong balance sheet
5. Experienced management team

Company Promoters:

The Promoter of the company is President of India, acting through the Ministry of Finance.

Company Financials:

Summary of financial Information (Consolidated)
Particulars For the year/period ended (in Rs. million)
31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 485,269.54 406,375.76 430,986.15 332,005.86 281,390.59
Total Revenue 36,441.79 32,340.78 30,995.34 26,985.09 25,111.20
Profit After Tax 28,578.52 26,549.18 28,026.85 23,218.42 22,888.64

Objects of the Issue:

The Offer comprises of the Fresh Issue and the Offer for Sale.

1. Offer for Sale

Corporation will not receive any proceeds from the Offer for Sale.

2. Fresh Issue

Corporation proposes to utilize the Net Proceeds from the Fresh Issue towards:
(i) Augmenting the capital base of the Corporation to support the growth of their business and to maintain current solvency levels; and
(ii) General corporate purposes.

Issue Detail:

  »»  Issue Open: Oct 11, 2017 - Oct 13, 2017
  »»  Issue Type: Book Built Issue IPO
  »»  Issue Size: 124,700,000 Equity Shares of Rs 5 aggregating up to Rs 11,372.64 Cr
    ›  Fresh Issue of 17,200,000 Equity Shares of Rs 5 aggregating up to Rs [.] Cr
    ›  Offer for Sale of 107,500,000 Equity Shares of Rs 5 aggregating up to Rs [.] Cr
  »»  Face Value: Rs 5 Per Equity Share
  »»  Issue Price: Rs 855 - Rs 912 Per Equity Share
  »»  Market Lot: 16 Shares
  »»  Minimum Order Quantity: 16 Shares
  »»  Listing At: BSE, NSE

General Insurance Corporation IPO Reviews:

  1. General Insurance Corporation of India IPO review by Dilip Davda

General Insurance Corporation IPO Recommendations:

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Issue Subscription Detail / Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & TimeQIBNIIRIIEmployeeTotal
Shares Offered / Reserved62,277,90018,683,37143,594,532144,197124,700,000
Day 1 - Oct 11, 2017 17:00 IST1.55000.01000.06000.13000.8000
Day 2 - Oct 12, 2017 17:00 IST1.68000.02000.16000.42000.9000
Day 3 - Oct 13, 2017 20:50 IST2.25000.22000.63000.94001.3800

General Insurance Corporation IPO Prospectus

General Insurance Corporation IPO Rating

1094
4.0
Rating:Rated 4.0 stars

Vote Here ...

General Insurance Corporation IPO Listing Date

  •   ›  Listing Date: Wednesday, October 25, 2017
  •   ›  BSE Script Code: 540755
  •   ›  NSE Symbol: GICRE
  •   ›  Listing In: B Group of Securities
  •   ›  ISIN: INE481Y01014
  •   ›  Issue Price: Rs 912 Per Equity Share
  •   ›  Face Value: Rs 5 Per Equity Share

Listing Day Trading Information

.
Issue Price:
Open:
Low:
High:
Last Trade:
Volume:
BSE
Rs 912.00
Rs 850.00
Rs 780.25
Rs 895.00
Rs 870.40
4,382,003
NSE
Rs 912.00
Rs 850.00
Rs 780.00
Rs 899.00
Rs 874.30
27,556,221

General Insurance Corporation IPO News Alerts

  1. Wednesday, October 25, 2017 12:00:00 AM
    General Insurance Corporation of India IPO - Listing
  2. Friday, October 13, 2017 12:00:00 AM
    General Insurance Corporation of India IPO - Close
  3. Wednesday, October 11, 2017 12:00:00 AM
    General Insurance Corporation of India IPO - Open

Company Contact Information

General Insurance Corporation of India
‘Suraksha’ 170, J Tata Road,
Churchgate,
Mumbai 400 020
Phone: + (91 22) 2286 7000
Fax: + (91 22) 2288 4010
Email: investors.gic@gicofindia.com
Website: http://www.gicofindia.com

General Insurance Corporation IPO Registrar

Karvy Computershare Private Limited   »  Report
   Karvy House, 46, Avenue 4, Street No. 1,
   Banjara Hills, Hyderabad - 500 034
   Andhra Pradesh, India

Phone: +91-40-23312454
Fax: +91-40-23311968
Email: gic.ipo@karvy.com
Website: http://karisma.karvy.com

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General Insurance Corporation IPO Review / Comments

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1480. dam  Nov 6, 2017 2:38:39 PM IST I Like It. 1 | Report Abuse Reply
I was having 2 lots (224 each). Sold today at 827 and booked losses of over 17,000Rs. Another NHPC/SJVN. Guys go and sell this.
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1480.1. lokes  Nov 6, 2017 3:29:41 PM IST I Like It. 1 | Report Abuse
i booked around 7K loss by selling at 820......
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1480.2. Villain  Nov 28, 2017 3:22:45 PM IST I Like It. | Report Abuse
Hike in price will be seen near March 2018.
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1479. Ketan bhatt  Nov 28, 2017 1:22:19 AM IST I Like It. | Report Abuse Reply
Sir gic me bahot loss ho Raha he.... profit Hoga ya fir loss book karlu?
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1478. GAGAN GUPTA  Nov 21, 2017 12:01:43 PM IST I Like It. | Report Abuse Reply
sie pls suggest hold or sell
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1477. yazoo  Nov 20, 2017 12:22:38 PM IST I Like It. | Report Abuse Reply
1 HDFC Standard Life Insurance Company Limited 290 353.45
2 Khadim India Limited 750 673.60
3 The New India Assurance Company Limited 800 670.55
4 Mahindra Logistics Limited 429 417.05
5 Reliance Nippon Life Asset Management Limited 252 275.75
6 General Insurance Corporation Of India 912 800.30
7 Indian Energy Exchange Limited 1650 1512.55
8 MAS Financial Services Limited 459 589.95
9 Godrej Agrovet Limited 460 542.50
Gorment chor hai lol !!
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1476. Ram bharose  Nov 14, 2017 4:08:55 AM IST I Like It. 1 | Report Abuse Reply
Excellent set of numbers! I won''t be surprised if it gains 10% today!
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1476.1. tnk  Nov 14, 2017 10:42:03 AM IST I Like It. 2 | Report Abuse
Even five-fold increase in net profit have failed to enthuse this script, God knows how much increase market expects.
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1475. Super Trader  Nov 3, 2017 9:49:36 AM IST I Like It. 2 | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Due to low subscription of NIA issue, this stock might plunge under 800.
be careful , if you need money within a month.
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1475.3. Super Trader  Nov 11, 2017 7:19:15 AM IST I Like It. 2 | Report Abuse
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
During NIA listing , it may cross 850... come out..... people commenting on attractive book value. but if you compare the re insurance companies globally, GIC is at high book value and not so attractive. for long term insurance companies are best bet than re insurance companies. one major calamity can bankrupt the company. that is why re insurance companies are near to it''s book value.
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1475.4. Vijendra  Nov 13, 2017 1:37:26 PM IST I Like It. | Report Abuse
today close will be around 860-880
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1474. Paras securities and consultant pvt Ltd  Nov 10, 2017 8:35:34 PM IST I Like It. 5 | Report Abuse Reply
Good Divided paying company.
strong Book value.
Strong financial track record and a strong balance sheet.
look good for long term.
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1473. Anupam  Nov 10, 2017 6:42:36 PM IST I Like It. | Report Abuse Reply
Guys where can one check subscription data ?
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1472. Rajkumar Bhuj  Nov 10, 2017 2:14:03 PM IST I Like It. 2 | Report Abuse Reply
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
There is some movement in the stock today. Its up 20 rupees. Maybe because of its upcoming result.
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1471. Rajkumar Bhuj  Oct 30, 2017 2:04:21 PM IST I Like It. 2 | Report Abuse Reply
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
Sold as below
831 - 224
841 - 224

Kept limit of another 2 lots of 224 at increment of 10 rupees each.
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1471.18. Rajkumar Bhuj  Nov 7, 2017 9:49:34 AM IST I Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
It seems to have a support level around 820. Its bounced back today and is at 828 now. If it goes to 835+, I will sell 1 lot of 224 out of 3 that I hold.
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1471.19. lokes  Nov 7, 2017 3:33:40 PM IST I Like It. 1 | Report Abuse
i sold my remaining 110 shares at 820 rs all.....got over from this GIC....
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1470. BalIpo  Nov 7, 2017 10:24:49 AM IST I Like It. 1 | Report Abuse Reply
Gic price on free fall because of no support from lic.
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1469. SonU Bhai  Nov 6, 2017 8:38:01 PM IST I Like It. | Report Abuse Reply
koi isko bhi chala do... big bulls
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1468. lokes  Nov 6, 2017 2:24:00 PM IST I Like It. 2 | Report Abuse Reply
such a pathetic share.....going down daily from 4 days...its a lesson learned for future to avoid any greed.....that''s why not applied in NIA too....
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1467. amit punjabi  Nov 3, 2017 8:46:38 PM IST I Like It. 1 | Report Abuse Reply
Only positive sign is result on 13th Nov..! Hopefully.
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1466. Murla  Nov 3, 2017 8:18:16 PM IST I Like It. 1 | Report Abuse Reply
Struck in, what will be scene when NIA list in discount
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1465. gamble  Oct 27, 2017 12:09:13 AM IST I Like It. 13 | Report Abuse Reply
IPO Guru IPO Guru (1600+ Posts, 3200+ Likes)
Many in the forum asking what to do in below recently listed ipo,
1> capacit''E infraprojects
2> Godrej agro...

1> capacit''E(335)
Order book 4x of revenue, 55 ongoing projects, 50% CAGR(expected) 2018-2020, debt free (by 2020)

Valuation wise available at
23PE 2018(give 30 PE = tgt 450)
16PE 2019

.... M Holding at first day brought 357 rs, planning to add more below 330(if)

2) godrej Agro(545)
CAGR 25% expected 2018-2020,gem business, 5 in 1 pack

Valuation wise available at
35 PE 2018(give it 45 tgt 700)
28 PE 2019

35 pe is not high for this type of product mix, just tell me which Related business(dairy, processed food etc) share available below 35 PE with 25% CAGR.

... Concl...

So if u holding above 2 stocks at any buying range then,
Do not see price movements Atleast till nxt 2-3 months,

Down ja ja kr kitna ja sakte hai, jara hum bhi dekte hai 😠


avatar
1465.5. vishmodi  Nov 3, 2017 5:37:05 PM IST I Like It. | Report Abuse
Hi @gamble,
Today Capacite InfraProject increased nearly 7 percentage and closed to 371,
So what should be strategy now onwards,
Also can you spot again once result declared
avatar
1465.6. Thapan  Nov 3, 2017 7:33:41 PM IST I Like It. | Report Abuse
@ Gambleji,

Capacite has reached 371 today. Looks like the rally will continue in anticipation of good numbers for Q3 on 9th Nov.

I bought a huge quantity @391 on listing day and waiting for the right time to reduce.. Please suggest a strategy ahead.

Thanks
avatar
1464. Kartikdevd  Nov 2, 2017 5:57:51 PM IST I Like It. 10 | Report Abuse Reply
After observing NEW INDIA ASSURANCE subscription figure, GIC RE''s credit score is improved in investors heart. 0 times/0% employee had applied in New India where as in GIC RE it was 1times/100%.
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1463. Paada ravindrang  Nov 2, 2017 3:17:22 PM IST I Like It. | Report Abuse Reply
Massive fall in price of GIC will be seen after 3rd November. Expect to stabilize around 775 (+ - 5%).
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1462. lokes  Nov 2, 2017 2:50:57 PM IST I Like It. | Report Abuse Reply
very low volumes today so less movement.....dont know which side it will breakout....
avatar
1461. yazoo  Nov 2, 2017 1:35:54 PM IST I Like It. | Report Abuse Reply
GIC holding firm at 842 to 848...under 850
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